USA Technologies Announces Support for Apple Pay

MALVERN, Pa.--(BUSINESS WIRE)--
USA Technologies, Inc. (NASDAQ:USAT), a leader of wireless,
cashless payment and M2M/IoT solutions for small-ticket, self-serve
retailing industries, today announced a nationwide rollout of new
acceptance points for Apple Pay, a new category of service
that transforms mobile payments with an easy, secure and private way to
pay.

"Our customers are excited to accept Apple Pay at the
self-serve locations they operate," said Stephen P. Herbert, Chairman
and Chief Executive Officer of USA Technologies. "We anticipate that the
millions of consumers who frequent these locations will appreciate
the convenience and security of using Apple Pay for their everyday
purchases, and we believe that Apple Pay will help to drive additional
sales for our customers. USA Technologies has always sought to provide
convenience, security and an easy way to pay for consumers who are
less and less likely to carry cash. We recognized early on the potential
for mobile payment, and promoted the technology to ensure our customers
were ready for this shift to occur."

Security and privacy is at the core of Apple Pay. When you add a credit
or debit card with Apple Pay, the actual card numbers are not stored on
the device nor on Apple servers. Instead, a unique Device Account Number
is assigned, encrypted and securely stored in the Secure Element on your
device. Each transaction is authorized with a one-time unique dynamic
security code, instead of using the security code from the back of your
card.

USA Technologies began building NFC capabilities into its cashless
payment products and services approximately 10 years ago and has enjoyed
a steady increase in the sale of its flagship ePort cashless payments
technologies specially designed for small ticket, unattended
retail applications.

USA Technologies is a leader of wireless, cashless payment and M2M/IoT
telemetry solutions for small-ticket, self-serve retailing industries.
ePort Connect® is the company's flagship service platform, a
PCI-compliant, end-to-end suite of cashless payment and telemetry
services specially tailored to fit the needs of small ticket,
self-service retailing industries. USA Technologies also provides a
broad line of cashless acceptance technologies including its NFC-ready
ePort® G-series, ePort Mobile™ for customers on the go, and
QuickConnect, an API Web service for developers. USA Technologies has
been granted 87 patents; and has agreements with Verizon, Visa,
MasterCard, and customers such as Compass, Coca-Cola Refreshments USA,
Inc., and others. Visit the website at www.usatech.com.

Forward-looking Statements:

"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: All statements, other than statements of historical fact
included in this release, are forward-looking statements. When used in
this release, words such as "anticipate", "believe", "estimate",
"expect", "intend", and similar expressions, as they relate to USAT or
its management, identify forward-looking statements. Such
forward-looking statements are based on the beliefs of USAT's
management, as well as assumptions made by and information currently
available to USAT's management. Actual results could differ materially
from those contemplated by the forward-looking statements as a result of
certain factors, including but not limited to, business, financial,
market and economic conditions; the ability of USAT to predict future or
any market conditions and consumer behavior; and the possibility that
all of the expected benefits from acceptance of payments through Apple
Pay, including increased sales, will not be realized by our customers,
or will not be realized to the extent predicted and/or within the
expected time period. Readers are cautioned not to place undue reliance
on these forward-looking statements. Any forward-looking statement made
by us in this release speaks only as of the date of this release. Unless
required by law, USAT does not undertake to release publicly any
revisions to these forward-looking statements to reflect future events
or circumstances or to reflect the occurrence of unanticipated events.